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The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?
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Mar 9, 2016
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The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?
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Izhaki
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215 - 44.49 (I added the two deductions mentally) = 170.51
I see the percentages 2%, 1% and 3% add up to 6%
So we want 6% of 215 or .06 x 215 = $12.90
$170.51 - 12.90 = $157.61 net income.
Arun Kumar Munusamy
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Mar 15, 2016
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Arun Kumar Munusamy
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